Tenet appears to be shrinking in size, there were 5 other hospitals sold in the Los Angeles area last year as well. BD
U.S. hospital operator Tenet Healthcare Corp. reported a $33 million fourth-quarter loss, mostly reflecting a charge on the sale of two hospitals.
Dallas-based Tenet said Tuesday that the quarterly loss was equivalent to seven cents a share on $2.2 billion in revenue. That compares with a loss of $75 million, or 16 cents a share, on $2.1 billion in revenue for the same quarter in 2007.
In January, Tenet said it expected a $5 million profit in the fourth quarter. But a few weeks after making that forecast, the company announced the sale of USC University Hospital and USC Kenneth Norris Jr. Cancer Hospital to the University of Southern California.
Tenet Healthcare Posts Loss - WSJ.com
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